February 06, 2009, 8:15 PM PST
Fannie Mae Mortgage Backed Securities (MBS) Down .069 basis points (bps) to 4.727%
*A Basis Point (bps) is 1/100 of 1.00%

National Average Fixed Rate Mortgage  unchanged at 5.29% on 02-05-09

Float
Rates have just reached a position where downside potential outweighs the upside and some marketing profit may be available for the next few days.

DJI Stocks: 8,257.09 up +194.02 +2.41%

European and Asian Markets Up 2.39%

10 Year Treasury currently 2.95%

Crude Oil Currently $38.59 per barrel.

New Hope For Down Payment Assistance. A bill to reinstate reformed downpayment assistance was introduced last week. The bill was introduced by Congressman Al Green (TX) with bipartisan support and it will have the same language as unanimously passed last year by the House Financial Services Committee.

How To Apply For $7,500 First Time Buyer Tax Credit
Up to $7,500 can be borrowed from IRS

10 Ways to Avoid A Closing Nightmare
An easy list that will make your life easier

Current Market and Lending Updates

Education is Consumer's Only Real Protection. 

Your FHA GuruBill Ladewig

800.664.7283 (SAVE)

Bill@YourFhaGuru.com

Website

 

 

 

Bill Ladewig is a Mortgage Broker Licensed by the California Department of Real Estate 00968137

NMLS #291249

 

 

 

 

San Diego FHA and VA Home Loans Escondido Mortgages Escondido Localism San Diego FHA and VA Home Loans San Diego Localism San Diego UFMIP Escondido Mortgages Escondido Localism San Diego Mortgage Ultimate Mortgage Calculator

 
This post has been included in California Real Estate News San Diego County, CA Real Estate News
Post is included in group: Everything California
Post is included in group: Keller Williams 'Rainers
Post is included in group: Mortgages
Post is included in group: Realtors®
Post is included in group: RE/MAX Active Rain Bloggers

1 Comments on Bill Ladewig's AM Market Brief

FEB
06
2009

The downpayment assistance is a good start.
10:25am • #1


What does the graphic say?
Leave a response…

(optional)
Spam Prevention:
 
Bill_600_x_720 Rainmaker_large

Bill Ladewig Your FHA Guru - FHA and VA Loans Since 1970

Escondido, CA

More about me…

Address: San Diego, Escondido, Vista, San Marcos, Oceanside, Rancho Bernardo, Poway, Scripps Ranch, Penasquitos, Shadowridge, Rancho Del Oro, Escondido, CA, 92025

Office Phone: (866) 204-9733

Cell Phone: (760) 685-0480

Email Me



Listings

Links

Archives

RSS 2.0 Feed for this blog